SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $29.88 and last traded at $29.90, with a volume of 150599 shares changing hands. The stock had previously closed at $30.01.
SPDR Portfolio Short Term Corporate Bond ETF Trading Down 0.3%
The stock’s fifty day simple moving average is $30.00 and its 200 day simple moving average is $30.11.
Institutional Investors Weigh In On SPDR Portfolio Short Term Corporate Bond ETF
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Strive Financial Group LLC purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF during the fourth quarter valued at $35,000. AlphaCore Capital LLC purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter worth about $37,000. IFC & Insurance Marketing Inc. purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter worth about $58,000. EverSource Wealth Advisors LLC raised its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 106.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,028 shares of the company’s stock worth $61,000 after buying an additional 1,046 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 17.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,203 shares of the company’s stock worth $67,000 after buying an additional 334 shares during the period.
About SPDR Portfolio Short Term Corporate Bond ETF
The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.
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